Indusind Bank Ltd - 532187 - Board Meeting Outcome for Issuance Of Rated, Listed, Non-Convertible, Subordinated And Unsecured Basel III Compliant Bonds In The Nature Of Debentures Towards Non-Equity Regulatory Tier 2 Capital (T2 Bonds)
The Board of Directors have, in their meeting held today in Mumbai, approved issuance of Rated, Listed, Non-Convertible, Subordinated and Unsecured Basel III Compliant Bonds in the nature of Debentures towards Non-Equity Regulatory Tier 2 Capital (T2 Bonds) with Face Value of Rs.1,00,00,000 each for cash, for an amount not exceeding Rs.2,800 crores (Rupees Two thousand eight hundred crores only) on private placement basis, subject to approvals and consents of regulatory authorities as may be required. The Board also authorized the Finance Committee of the Board to approve the details of the issuance and to finalize the allotment of securities. We request you to kindly take the above on record and arrange to bring this to the notice of all concerned. The meeting of the Board of Directors commenced at 11.30 a.m. and concluded at 4.25 p.m. A copy of the intimation is being uploaded on the website of the Bank at www.indusind.com21-10-2021
